LETTER: Capitalists and small foreign businesses have flooded the townships, where the poor live, and have taken over the economy.
Vilakazi Street is Mzansi’s heritage Street. I think it would be proper and more suitable for its history if the street is turned into an economic empowerment centre rather than an entertainment zone in front of churches and schools. Local businesses don’t have access of goods to sell and therefore cannot compete with big businesses and small foreign businesses who have plenty of goods.
To economically empower small local businesses, I think we need entrepreneurs who will search, find and create profitable materials for the self-employed to sell. Entrepreneurs must be helped to raise funds for their projects. They can be required to submit two business plans. It will be a self-employed plan to raise funds for the entrepreneur's projects, or they can be given government tenders, or helped find contract work from big companies. I think in this way they will learn to be more economic.
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